Babcock International Group (LON:BAB)‘s stock had its “buy” rating reiterated by analysts at Peel Hunt in a report issued on Tuesday, November 21st. They currently have a GBX 1,085 ($14.60) price target on the stock. Peel Hunt’s price target would indicate a potential upside of 65.78% from the company’s previous close.
BAB has been the subject of several other research reports. Credit Suisse Group dropped their target price on shares of Babcock International Group from GBX 1,030 ($13.86) to GBX 925 ($12.45) and set a “neutral” rating for the company in a research report on Thursday, August 17th. J P Morgan Chase & Co reissued an “overweight” rating and issued a GBX 1,365 ($18.37) target price on shares of Babcock International Group in a research report on Thursday, September 21st. Morgan Stanley dropped their target price on shares of Babcock International Group from GBX 1,110 ($14.94) to GBX 975 ($13.12) and set an “overweight” rating for the company in a research report on Thursday, September 28th. Liberum Capital reaffirmed a “buy” rating on shares of Babcock International Group in a research report on Thursday, September 7th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Babcock International Group in a research report on Friday, November 17th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of GBX 1,010 ($13.59).
Babcock International Group (LON:BAB) traded down GBX 23.50 ($0.32) during trading on Tuesday, reaching GBX 654.50 ($8.81). 3,158,181 shares of the company traded hands, compared to its average volume of 2,920,000. Babcock International Group has a 12-month low of GBX 657 ($8.84) and a 12-month high of GBX 1,030 ($13.86).
In other Babcock International Group news, insider Myles Lee bought 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The shares were acquired at an average cost of GBX 678 ($9.13) per share, for a total transaction of £33,900 ($45,625.84). Also, insider Mike Turner bought 9,500 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The stock was acquired at an average price of GBX 673 ($9.06) per share, for a total transaction of £63,935 ($86,049.80).
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Babcock International Group Company Profile
Babcock International Group PLC is a holding company. The Company provides engineering services. Its segments include Marine and Technology, Defence and Security, Support Services and International. The Marine and Technology segment delivers support to the United Kingdom Royal Navy’s submarines, naval ships and infrastructure.
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